Traders who bet against SpaceX stock are up $8.7 billion as shares fall below their launch price

Traders who bet SpaceX's stock would fall have about $8.7 billion in unrealized profit, according to Ortex data cited by Reuters on July 16. SPCX closed at $135.27 on July 15, roughly 16% below its June 12 IPO price of $160.95. Those profits are on paper only — they vanish if the stock price climbs again.